Member Info for Globex

Good stuff 👍

I'm all for freedom of speech, but the level of long term and persistent vitriol from a vocal minority has definitely gone way beyond that.

Decisive break from the downtrend today, whole book looks much better, can sell volume @8p which certainly hasn't been the case before today.

With this tiny market cap, it would not take much to send this really flying. Another contract win coming? Let's see.

Barclays broker upgrade today good to see, new price target 465p.

The only limit here is those age old external factors of gilt yields/inflation, undoubtedly much hinges on that in the short term, but aside from factors the company can't control, real sense they're firing on all cylinders here.

Perhaps it's starting to dawn on market that demand for high quality London office space is only going one way, and with supply seemingly more constrained than ever, BLND looks very well positioned to capitalise. Very bullish to see vacancies near zero. Plus if we consider calibre of tenants with US tech giants renting our properties, including recently signed Anthropic, these guys so awash with cash they could go just about anywhere. Good sign they've chosen this.

Good to see market start to wake up to this, still a very long way to go.

WSJ report on this funding round.

https://www.wsj.com/tech/ai/anthropic-raising-30-billion-more-as-ai-labs-absorb-majority-of-vc-funding-d26128d7

The interesting thing as far as this trust goes is the value of our Anthropic stake on the books will be based on last completed funding round, with this latest one still underway. Last funding round for Anthropic closed back in February and valued it at $380bn. If they now achieve the mooted ~$900bn valuation, NAV here set for a significant boost.

Agree Sarniaspeculator the PP concluding next significant catalyst here, should hear about that very soon. Once that RNS lands, we'll be off to the races to kickstart our march towards inevitable £1+ zone. GL

Incorrect to claim they are forward sold, this is Ocean Partners exercising as I mentioned the other day. They are institutional long term holders, not traders. Just look how long they have been here - years. As with Sprott and co, the share register here is tightly held with high calibre investors.

For short term catalysts, I'd expect news from Indiana property within next few weeks. Other biggie of course confirmation of funding completion/final tally before month end. Then formality of the shareholder vote within a month. Looks poised for June lift off.

At this point it's a sheer bonus on top of bid the idea this goes private and so kills off this board to finally put to an end Kjn2 (+alter egos) insane rantings all day long

With the Monument Therapeutics trial now rapidly progressing, looks like a decent entry point here. Clear multi-bag potential, should results go their way.

Superb, a blockbuster result, well done board

Another $4.3m CAD coming to company from warrant exercises, per Canadian filings (I'd expect RNS to follow). From a long term II, Ocean Partners. Losing track of how much cash the company has now, but we can add this to Sprott's C$4.7m from last month, plus C$85m+ coming once this funding round completes in <2 weeks, let's just call it a sh*load.

There's a definite inverse relationship between how busy a board is, and the quality of the company.

It's funny how more often that not, on any given day, the boards with most posts are just really hopeless stocks.

Then you also look at the posts themselves, and frankly how full of sh*t most of these boards are. Maybe it's better this way.

Market likes it too, which let's be honest is what really matters. It's funny to see that lag there, often the case with RUA market underestimates it first and all seemed to play out in one trading day. Initial retrace then as the day wore on as if something collectively clicked, Mr Market realised hang on this is good news, the plc will be immediately cash generative, while still maintaining 100% interest in that blue sky upside from the R&D heavy bit, but without any further recourse on costs to the plc. The more you think about it, the more you realise this may well have been genius.

It's true that debt can be a killer, when companies fail it's always debt that does it. One particularly noteworthy thing is the sheer amount they were offered, more than at any time in company's history and above any peer that I've seen at similar stage.

It could only come from institutional investors of course, and we can safely say these guys would have due diligence capabilities way above us, including vetting backgrounds of board members and more importantly - given how expendable personnel are - the prospect of the projects. I take that as a stamp of approval. Will be interesting to learn who they are.

Timelines differ for both projects. Indiana site is pretty much turnkey, the material will be processed offsite, minimal capex, they have reiterated a few times producing starting second half of year, with 15k oz from that one before taking into account expansion.

Andacollo realistically will be early 2027, that would have been later on this year too but the regulatory halt in Canada to be fair longer than they reasonably expected. Within 18 months production should ramp up nicely towards 100k+ oz Au overall across both sites, plus the copper, where who knows on volume but judging by Teck's adjacent mine figures it'll be massive, with significant scope to grow volumes of both metals towards a blue sky number. At which point we get our valuation in the billions. GL

Https://www.bloomberg.com/news/articles/2026-04-29/anthropic-considering-funding-offers-at-over-900-billion-value

It will be very interesting to see the valuation achieved by Anthropic from this funding round, and when the trust update accordingly the impact on NAV.

Yes I suppose if you're going to do it, get it out the way early. I'd say high likelihood they get the additional $15m CAD, if so making $100m CAD total. Reading between the lines, this it wasn't necessarily planned, more in response to investor demand. If investors want to give you this much cash at near market price, must be hard to say no to that. They've previously referred to needing circa only $40m (USD) capex for Andacollo, so if they get the full $100m CAD would leave a ton of margin for expansion. And perhaps put this on the way to strike some kind of deal with Teck for their property over the fence https://www.teck.com/operations/chile/operations/carmen-de-andacollo/ . GL

Https://www.youtube.com/live/WMC7JtcFSuQ?t=24145s

A must watch, from Vancouver conference yesterday.

(Our bit starts at 6:42:25, link should start there) 👍

Looks like we're going into orbit in more ways than one